Retirees on Social Security could see monthly benefit rise an average of $159 in 2023 due to inflati

[Beachnutt]

cnbc
New government data points to signs that red-hot inflation is starting to cool. But Social Security beneficiaries may still be in for a record high cost-of-living adjustment in 2023.

The Senior Citizens League, a nonpartisan senior group, now estimates Social Security benefits may increase 9.6%, based on Consumer Price Index data released Wednesday.
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https://www.cnbc.com/2022/08/10/social-security-cost-of-living-adjustment-may-be-9point6percent-in-2023.html?__source=androidappshare

[TreasonousBastard]

1. That's great, but how much will Medicare premiums go up?

[Autumn]

6. More than likely $150 a month.

[ultralite001]

2. Still too little, too late...

For many…

This may be a rough winter, and losses may be high…

That is all…

[Wounded Bear]

4. Indeed! nt

[Bongo Prophet]

3. Yes, and after inflation drop, it'll stay. More importantly...

if we keep the house and get more Senators, Prez Joe's SS upgrade plan could raise the minimum up quite a bit, which will help raise many seniors above the poverty level. I think it was 125%.

He's such a good President, underrated for now, but one for the history books.

[ebbie15644]

5. It will help but

We need a bigger raise, serious